HNW client percentage for Team firms serving clients in Puerto Rico

High-net-worth (HNW) client percentage reflects the share of a firm's clients who meet the SEC's high-net-worth threshold—approximately $1.1 million in managed assets or $2.2 million in net worth. This metric helps indicate the type of clients a firm is designed to serve, with higher percentages suggesting a focus on more complex, bespoke planning for wealthier individuals, and lower percentages indicating broader access and more standardized services.

In Puerto Rico, among team firms—those with 5 to 30 advisors or managing over $500 million in assets—the median HNW client percentage is about 35%, slightly above the national median of 32%. The distribution here ranges widely, from around 15.5% up to 100%, showing significant variation in client focus among these firms. This suggests that some Puerto Rican team firms concentrate on affluent clients with more standardized planning, while others cater almost exclusively to high-net-worth individuals requiring more specialized services. The relatively small number of firms (13) means each firm’s approach can substantially influence the overall pattern, reflecting both early-stage teams growing their HNW base and established firms with defined client minimums.

For you, understanding a firm’s HNW client percentage offers insight into the kind of service and client base you might expect. There is no single “correct” percentage; rather, it’s about fit. Higher percentages often mean higher minimums and more tailored advice, while lower percentages may indicate broader access and more scalable services. Use this metric alongside others to find an advisor whose approach aligns with your financial situation and goals.

Or, if you'd rather skip the guesswork, Warmer can help you find a financial advisor who fits your needs.